Offshore Activity - page 5


Tullow Oil Ups 2022 Free Cash Flow Outlook, Ghana Tax Looms

Jan 25, 2023

West Africa-focused oil producer Tullow sees its 2022 free cash flow at $267 million, slightly ahead of previous guidance and up from $245 million the previous year, it said in a trading update on Wednesday. It plans to invest $400 million this year…

Petrobras Turns to Vallourec for OCTG Solutions

Jan 25, 2023

Vallourec has signed a long-term agreement with Petrobras for OCTG (Oil Country Tubular Goods) solutions. The three-year agreement covers the supply of OCTG Premium products, associated accessories, and specialized physical and digital services…

Ex-Transocean, Maersk Drilling Director Joins Seadrill Board

Jan 25, 2023

Offshore drilling firm Seadrill has appointed Ana Zambelli as a new board director.Zambelli has more than 20 years of experience in the energy services sector in operational, commercial and finance roles. She served as Chief Commercial Officer at Maersk Drilling…

Ulmatec Nets Walk-to-work Gig

Jan 25, 2023

Ulmatec said Wednesday it had won a new contract for the supply of a 32-meter motion-compensated gangway and logistics support systems to a'major international player.''The gangway offers superior workability with its 12 m telescopic compensation…

Norwegian Marine Seismic Player Enters Offshore Wind Market

Jan 25, 2023

Norwegian company PGS, best known for its seismic survey services in the offshore oil and gas sector, said Wednesday it had scored its first offshore wind contract. The company said it had secured its first ultra-high resolution offshore wind farm site characterization project…

Seajacks Jack-ups Win New Contracts, Extensions

Jan 25, 2023

Eneti said Thursday that its subsidiary Seajacks had signed two new contracts in northwest Europe.Seajacks operates self-propelled jack-up vessels, which provide offshore installation services for offshore wind and oil and gas industries.Eneti…

TechnipFMC Nets Substantial Subsea Services Deal with Petrobras

Jan 25, 2023

TechnipFMC said on Tuesday that the Brazilian oil company Petrobras had awarded it a large master services agreement for subsea services. For TechnipFMC, a “substantial” contract is between $250 million and $500 million.The three-year contract has an option to extend for two years…

U.S. Grants License to Trinidad and Tobago to Develop Venezuela Offshore Gas Field

Jan 25, 2023

The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, U.S. and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela…

Hess Expects Higher 2023 Spending with Focus on Guyana, Bakken

Jan 24, 2023

U.S. oil and gas producer Hess Corp on Tuesday forecast higher Exploration & Production (E&P) capital and exploratory budget of $3.7 billion for 2023, of which more than 80% would be allocated to Guyana and North Dakota's Bakken shale field…

Atlantica Shipping Adds Fourth PSV to Fleet

Jan 24, 2023

Oslo-based offshore vessel owner Atlantica Shipping has taken delivery of its fourth platform supply vessel.The company said in a social media post that it had expanded its fleet with the 2005 built UT 755L Atlantica Server.The vessel, previously…

TotalEnergies' Dalia Oilfield in Angola to start 35-day Maintenance in Feb.

Jan 24, 2023

TotalEnergies' offshore oilfield Dalia in Angola will undergo planned maintenance for about 35 days starting Feb. 20, a company spokesperson said on Tuesday.The company added that the maintenance will include inspections of equipment, subsea lines and works relating to flare tips…

GMS Nets Offshore Wind Gig in France

Jan 24, 2023

UAE-based GMS, a provider of self-propelled jack-up units serving the offshore oil, gas, and renewables industries, has won a contract in France.The company said Monday it had signed a contract to provide support for the construction and development of a major offshore wind farm in France…

Halliburton Tops Wall St. Quarterly Profit Estimates

Jan 24, 2023

U.S. oilfield services firm Halliburton Co  on Tuesday topped Wall Street profit estimates for its fourth quarter and said its shale oil-well fracking equipment remains fully booked with oil prices driving increased drilling. The largest provider…

Norway to Offer Record Number of Arctic Oil, Gas Exploration Blocks

Jan 24, 2023

Norway on Tuesday said it plans to offer energy firms a record number of oil and gas exploration blocks in the Arctic as it seeks to prolong its hydrocarbon production, while green campaigners criticized the risk to the environment. The Nordic country…

PGS to Conduct 4D Surveys on Gullfaks and Gudrun Fields for Equinor

Jan 24, 2023

Norwegian energy giant Equinor has exercised an option to extend the framework agreement with the seismic company PGS, originally entered into in March 2021. The extension is valid for two years.The two-year framework agreement covers 4D monitoring…

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